Government considering rise in PRSI rate as part of budget

Government has previously flagged that the decision to keep the pension age at 66 means gradual increases to PRSI will be needed to top up the pot for future pensions.

A Government source noted that increasing the rate of PRSI would not be a popular move. Picture: Brian Lawless/PA Wire

The Government is exploring whether to increase PRSI for workers and employers as early as January 2024, the Irish Examiner understands.

Coalition leaders will meet on Wednesday with Finance Minister Michael McGrath and Public Expenditure Minister Paschal Donohoe to hammer out the final details for the budget next week.